Higher marginal income tax rates create an incentive for companies to underfund their pension plans.
Answer the following statement true (T) or false (F)
False
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How do the current and acid-test (quick) ratios differ as far as their formulas and what does each one measure?
Southern Manufacturing applies overhead to its products based on direct labor hours. During 2011 the company allocated overhead using a predetermined overhead rate of $5.25. At the end of 2011 it was determined that overhead was underapplied by $10,000. Which of the following could not be a possible reason for overhead being underapplied?
A) Estimated overhead costs differed from actual overhead costs. B) Estimated direct labor hours differed from actual direct labor hours. C) The cost driver does not have enough correlation with overhead costs. D) Applied overhead was higher than actual overhead.
Describe five open-ended questions that you could use to explore why people procrastinate paying their taxes.
What will be an ideal response?
A recommended way of increasing self-esteem is to
A) tell others to like you. B) become aware of your strengths and accomplishments. C) avoid listening to negative feedback. D) engage in stress-reduction activities.